After participating in Sasol Canada's feasibility study for
a GTL (gas-to-liquids) facility, Talisman Energy has decided
not to proceed with the next phase of the project, the company said
"After careful consideration, we have concluded that there
are better ways to allocate capital in support of our
strategy," said John A. Manzoni, CEO.
"Talisman's immediate focus is to accelerate investment in
near-term liquids opportunities, with the goal of increasing
liquids and oil-linked gas production to 300,000 barrels a day
by 2015, he added.
We wish Sasol every success as they evaluate the next
phase of this project, and we look forward to
continuing a positive relationship in the joint development of
our Montney assets."
Talisman was granted the option to participate in the
feasibility study as part of the ongoing partnership between
Talisman and Sasol that includes two 50% working interests in
two natural gas assets and associated infrastructure in
Talisman's Montney shale resources in northeast British
Talisman's decision to exit the GTL project will not impact the